Bitcoin's CME Gap closed, with market participants now expecting rebound
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The implications of CME gaps for Bitcoin lie in their predictive power. Market participants closely monitor these gaps for potential trading opportunities.Historically, closing a downward gap for BTC indicates a bullish signal. It suggests the market has addressed an imbalance, potentially paving the way for a price rebound. Hence, closing the CME gap between $78,000 and approximately $80,700 could result in Bitcoin regaining its lost momentum.
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